Moody's revise credit rating outlook of IndianOil

The Credit Rating Agency 'Moodys' has revised the credit rating outlook of Government of India. The rating outlook of IndianOil is closely linked with that of the Government of India. As a result, Moody's has upgraded the credit rating outlook of IndianOil's debt instrument viz. 'Senior Unsecured Debt - Foreign Currency' from "Baa3 Negative" to "Baa3 Stable", in line with the change in outlook of the Sovereign rating.

Shares of Indian Oil Corporation Limited was last trading in BSE at Rs. 130.05 as compared to the previous close of Rs. 129.90. The total number of shares traded during the day was 1966383 in over 14698 trades.

The stock hit an intraday high of Rs. 134.90 and intraday low of 129.10. The net turnover during the day was Rs. 258376892.00.

Source : Equity Bulls

Keywords

IndianOilCorporation INE242A01010 IOC OilMarketing OMC RatingOutlook Moodys